Seagate Technology (STX) stock surged to a 52-week high on Thursday, January 22, 2026. BNP Paribas Exane upgraded the rating from 'Neutral' to 'Outperform'. The firm set a new price target of $380.
Bank of America, Citigroup, and Goldman Sachs also recently increased their price targets. This contributed to a consensus target of $350. The stock traded as high as $349.55 during the day.
Growing demand for data storage, driven by Artificial Intelligence, fuels this optimism. Analysts increasingly highlight AI as a structural tailwind for Seagate’s business.
Investors now look ahead to the company’s fiscal second-quarter 2026 earnings report. The report is scheduled for release on January 27.